/> (5)  ดำเนินธุรกิจให้เป็นไปตามมาตรฐานของผู้มีวิชาชีพในลักษณะเดียวกันนั้น (market conduct) พึงกระทำ (6)  ปฏิบัติต่อผู้ลงทุนทุกรายอย่างเป็นธรรม และ

Malaysian and Indonesian market by acquiring 75% in VGM. Strengthening our international footprint is an integral part of MACO’s strategy and VGM will be the flagbearer in expanding our Out-of-Home (“OOH

Company | www.shotelsresorts.com Page 4 of 9 Overview The Company is a holding company engaging in the management of hotels and investments in international hotel companies. Over the past four fiscal years

submitted the proposal of partnership model on 2300MHz to TOT, which is currently in the evaluation process of TOT. Market Environment in 1Q17 On mobile business, the operators continued to promote 4G data

is THB 35,000,000. (thirty five million baht). The transaction is considered as the disposal of assets transaction of subsidiary of listed company according to the Notification of the Capital Market

Management Discussion and Analysis 3Q18 and 9M18 P a g e | 2 On 18 September 2018, the Company has taken full control interest in LVM Holdings Pte Ltd which market and manage 220 luxury villas / vacation

and up 47% for LTM 2Q17  Core EPS up 30% in 2Q17 and up 83% for LTM 2Q17 Management is also pleased to note that 3Q17 is on track to beat year-on-year (YoY) and sequentially (QoQ) in favorable market

▪ Shareholders (A) List of top ten shareholders with number of holding shares and ratio as of the Record Date on 10th October 2017 are as follows: Major Shareholders Number of Shares Ratio 1. I.C.C. International

into Brazil market as the leading producer. o Egypt PET (completed 14 Jun, 2018, production started in Aug 2018) creates entry into African markets as the leading producer. Indorama Ventures 3rd Quarter

to change as market conditions and actual outcomes may differ from forecasts. BAM makes no representation or warranty of any type whatsoever on the accuracy or completeness of the information contained